Posts Categorized: Blog

Outside Factors Can Affect Your Home Appraisal

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The opening line of a recent article, Neighbors’ Effect on Appraisals, appearing in The NY Times Real Estate section says “You may be able to ignore the knee-high grass in your neighbor’s yard, but a home appraiser won’t.” Any factor outside the boundaries of a subject property, whether that factor be noise, pollution, unkempt neighboring… Read more »

Learn To Manage and Minimize Issues In The Appraisal Process

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The appraisal system is under constant scrutiny, with both sides of the equation having strong opinions. We found this broadcast by CNBC asking, “Is the appraisal system broken?”     John Brenan, from The Appraisal Foundation, and Melissa Cohn, from The Manhattan Mortgage Company seem to agree on a few issues. For one, the experience… Read more »

Yes, You Can Make A Difference On Your Real Estate Appraisal.

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Lately, articles are featuring stories about low appraisals. There is often a gap between what the homeowner feels their house is worth, and the value that the appraisal reports. The main issue with this situation is when the appraised value is too low to support the anticipated loan, causing many to fall through. The appraiser… Read more »

Appraisal Messaging Notification Further Understood

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VMG hosted webinars on January 23rd for residential appraisers, to highlight Fannie Mae’s implementation of Appraisal Messaging Notification, which went into effect Monday, January 28.  Several good questions were posed by appraisers in attendance. One of the questions received was “How does the panel feel the new requirements will impact the appraisal industry as a whole,… Read more »

January: National Radon Action Month

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Last year, over 20,000 deaths in the United States were caused by radon gas, according to the Center for Disease Control. Think this sounds like a lot? That’s more than carbon monoxide, fires, and drunk driving. Radon is a cancer-causing, radioactive gas that you can’t see, smell or taste. This makes it incredibly hidden and… Read more »

Put Your Best Foot Forward With LinkedIn

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You may not love social media as much as I do, but let me tell you, utilizing the sites to their maximum capabilities will help you tremendously in your career. Especially LinkedIn. As an appraisal, mortgage, loan, or banking professional, your image and credibility will take you a long way. In the career-world, LinkedIn is… Read more »

5 Apps For Real Estate Appraisal Productivity

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Do you have an iPhone, iPad, Android phone or tablet? Are you using it for your business, or would you like to? With the onset of the smartphone and tablet craze, it’s time to ask yourself these questions. Technology is ever-changing, and there are ways to leverage new technologies to your business’ advantage. As a… Read more »

How the Housing Market is Involved in “The Deal”

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After coming to a deal regarding the much anticipated fiscal cliff, the housing market can take a deep breath and hopefully drive on to continue the recovery it has been working toward. The mortgage interest deduction was not touched by the deal, and Congress extended mortgage debt forgiveness tax relief for another year. The extension… Read more »

Community Reach – YWCA: The Square Foot Campaign

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VMG is a proud supporter of the YWCA of Northwest Georgia. Right now, their Square Foot Campaign is in full swing to raise money to expand and renovate the current shelter to house eight more people, update the kitchen and dining room so that families can share meals together, and add a teen room, youth… Read more »

Calculating Gross Living Area – 3 Important Pieces of Knowledge

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D. Scott Murphy, SRA, an appraiser on the VMG panel and a member of the Georgia Real Estate Appraisers Board has written an article explaining the requirements for gross living area (GLA) per the American National Standard Institute (ANSI). Scott discusses how GLA is “one of the most important elements of a home… [and] one… Read more »